Nobody knows for certain what will happen. Nobody. And the market is never a no lose situation. If everybody is focusing on how great David Tepper is than I want to show the other side of the trade and show that he is fallible. If everybody were picking on him, I would likely be defending him.
- David Tepper made a strong case for the financials in May at the Ira Sohn conference. They have been the worst performing group since.
- Tepper made downbeat comments in August only to turn bullish after the Fed meeting last week at much higher prices.
- Tepper has made most of his money in distressed situations, not by calling the near term direction of the stock market.